Liberalisation, Privatisation And Globalisation : An Appraisal

  • Question 1

    When was WTO founded?


    The World Trade Organisation was founded in 1995 as the successor organisation to the General Agreement on Tariffs and Trade (GATT).

    Question 2

    What is liberalisation?


    An economic policy which gives relaxations to enable entrepreneurs to make their decisions themselves and open freedom to economic activities at all levels is termed as policy of economic liberalisation.

    Question 3

    What is privatisation?


    Privatisation may be defined as transfer of ownership and control from the public sector to the private sector.

    Question 4

    What is the meaning of globalisation?


    Globalisation means the integration of economies worldwide through trade, financial flows, technology spillovers and information networks. It means the unification or integration of domestic economy with the rest of the world through trade, capital and technology flows.

    NCERT Book Store

    NCERT Sample Papers

    Entrance Exams Preparation

    A PHP Error was encountered

    Severity: Core Warning

    Message: PHP Startup: Unable to load dynamic library '/opt/alt/php70/usr/lib64/php/modules/' - cannot open shared object file: No such file or directory

    Filename: Unknown

    Line Number: 0